The titular head of the muslim community, Prince Kasimu Nakibinge Kakungulu has lauded the Minister of Education and First Lady, Janet Kataha Museveni, for her exemplary leadership and effective management of Muslim-founded schools, including those under...
Uganda signed a historic oil refinery agreement with Alpha MBM Investments LLC, a UAE-based firm, paving the way for the construction of a 60,000-barrel-per-day crude oil refinery in Kabaale, Hoima District.
The deal, witnessed by President Yoweri...
Mwesigwa explained that a peaceful transfer of power is the one that will facilitate the restoration of the presidential term limits, asking President Museveni to lead this by example. He added that if someone else takes power from him forcefully, as he did in 1986, his gospel will have no impact.
The directive is in accordance with section 89(1) of the Tier 4 Microfinance Institutions and Money Lenders Act, which states that the maximum interest rate that a money lender shall charge on the principal or the actual sum of money advanced as a loan to a borrower is two point eight percent (2.8%) per month or thirty-three point six percent (33.6) per annum.